Gyroscopic Investing

The idea of a so-called ‘Russian Homestead Act’ was first proposed in early 2015 by the presidential envoy to the Far East Federal District, Yury Trutnev, who suggested offering large plots of land for free to anyone willing to resettle to the Russian Far East to start a farm or business. The program is one of the initiatives aimed at boosting the economy in the region.

Anyone is entitled to apply for up to a hectare of land in the Kamchatka, Primorye, Khabarovsk, Amur, Magadan and Sakhalin regions, the republic of Sakha, or the Jewish and Chukotka autonomous districts.

The land can be used for any lawful purpose but can only be rented, sold, or given away after an initial five-year period.

Foreigners are also allowed to use the land, and the registration of full property rights is only possible after the naturalization of potential owners.